Home / Knowledge / News / Apparel/Garments / India an attractive retail destination: Economic Survey
India an attractive retail destination: Economic Survey
Mar '15
Owing to its large population and rising disposable incomes, India continues to be an attractive long-term retail destination, says the Economic Survey 2014-15.
Citing AT Kearney’s Global Retail Development Index (GRDI), the government document said India’s retail trade ranking slipped further to twentieth in 2014 from fourteenth in 2013. “The retail sector was affected in 2013 by high consumer price inflation, currency fluctuations, and strict FDI policies,” it said.
“However, India remains an attractive long-term retail destination for several reasons, including its large population, 58.3 per cent of which is below 30 years and 31.1 per cent of which lives in urban areas with rising disposable incomes,” states the Economic Survey 2014-15, tabled in Parliament by finance minister Arun Jaitley, a day before the general Budget was presented.
According to the survey, although migration from traditional stores to modern retail is continuing, the latter accounts for only 8 per cent of the total market.
The survey expects India’s ecommerce market to grow by more than 50 per cent in the next five years. However, it points out inventory management, logistics planning, and resource availability as important hurdles for online retail in India.
Stating that consumer safeguard is another area of concerns for ecommerce consumers, the survey says the government proposes including sufficient provisions in the ongoing amendment to the Consumer Protection Act 1986. (RKS)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Courtesy: AAFA

Fashion | On 28th Apr 2017

Andrew Rosen, Stuart Vevers among AAFA awardees

Andrew Rosen, founder and CEO of Theory, Stuart Vevers of Coach, Nick ...

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search